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Crude palm oil futures for April delivery on Malaysia's exchange fell about 1% to 3,116 ringgit per tonne on January 25. Traders cited a stronger ringgit and expectations of higher output in 2017 as reasons for the dip.
A firmer ringgit makes palm oil dearer for foreign buyers and expected production recovery adds bearish pressure, pointing to softer palm prices.
investasi.kontan.co.idNamira DaufinaJan 25, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
